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(USGovernment-News.Com, December 08, 2015 ) Market research analyst predicts the global in-vitro diagnostics (IVD) packaging market to grow at a CAGR of around 3% between the period of 2016 and 2020. The prospects for growth in this market are driven by the recent increase in diagnostic services and a rise in the incidence and prevalence of chronic diseases and infections. Additionally, the growing practice of self-testing by patients at home is a noteworthy factor that incites market growth during the forecast period.
The significant market growth observed in emerging countries is the key driver for the growth of this market. In recent times, it has been observed that product manufacturers are focusing on emerging economies, such as Brazil, Russia, India, and China (BRIC), to expand their operations. The improvement of the existing healthcare infrastructure in these countries will result in the augmented demand for IVD packaging during the forecast period.
Bottles and vials Tubes Petri dishes Closures In this market study, analysts have estimated the bottles and vials segment to be the highest revenue generating segment during the forecast period. The ability of vials and bottles to withstand high temperatures, chemical shocks, and thermal shocks will result in its augmented adoption during the predicted period.
Geographical segmentation of the in-vitro diagnostics packaging market
Americas APAC EMEA Technavio market research analysts anticipate the Americas to be the largest market for IVD packaging during the forecast period. Rising aging population and an increase in the number of people with chronic and infectious diseases will bolster the demand for diagnostic products and services, which in turn will foster growth in this market during the estimated period.
Competitive landscape and key vendors
The vendors in this market compete in the complex and challenging medical devices industry, which is subject to frequent changes. To succeed in this market, the vendors need to invest in patent protection as it will help them to augment their revenue generating capacity. Furthermore, to establish themselves in this market, the vendors have to focus on improving their distribution networks rather than marketing their products.
The leading vendors in the market are
Bio-Rad Corning Greiner Bio-One Narang Medical Other prominent vendors in the market include Baidefu, Bellco Glass Crystalgen, Duran Group, Eppendorf, Kimble Chase Life Science, Sarstedt, VITLAB.
Key questions answered in the report include
What will the market size and the growth rate be in 2020 What are the key factors driving the global in-vitro diagnostics packaging market What are the key market trends impacting the growth of the in-vitro diagnostics packaging What are the challenges to market growth Who are the key vendors in this market space What are the market opportunities and threats faced by the vendors in the global in-vitro diagnostics packaging market Trending factors influencing the market shares of the Americas, APAC, and EMEA. What are the key outcomes of the five forces analysis of the in-vitro diagnostics packaging market Technavio also offers customization on reports based on specific client requirement.
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PART 01: Executive summary Highlights PART 02: Scope of the report Market overview Vendor offerings PART 03: Market research methodology Research methodology Economic indicators PART 04: Introduction Key market highlights PART 05: Market landscape Market overview Market size and forecast Five forces analysis PART 06: Market segmentation by product type Global IVD packaging market by product type Global IVD packaging market by bottles and vials Global IVD packaging market by tubes Global IVD packaging market by Petri dishes Global IVD packaging market by closures Global IVD packaging market by others PART 07: Geographical segmentation Global IVD packaging market by geography IVD packaging market in Americas IVD packaging market in EMEA IVD packaging market in APAC PART 08: Market drivers PART 09: Impact of drivers PART 10: Market challenges PART 11: Impact of drivers and challenges PART 12: Market trends PART 13: Vendor landscape Competitive scenario Bio-Rad Laboratories Corning Greiner Bio-One Narang Medical Other prominent vendors PART 14: Appendix List of abbreviations PART 15: Explore Technavio
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